10.01.2014 - Wishful thinking on gold – but for all the right reasons
A break from a short holiday for a comment on gold and on some of the views put forward by the pro-gold fraternity. It’s rainy here in Madeira today but at least a reasonable temperature and far from the kind of sub zero weather being experienced in Canada and the USA, and the rain, storms and floods in Europe so I guess we should count ourselves lucky! But back to gold. The strong pro-gold commentators have at least been consistent in their views on gold and where it is headed. Indeed, they may well be partly correct in their views, but the timescales over which their scenarios will likely be played out, and the price levels likely to be reached, are indeed more wishful thinking than reality...................................Full Article: Source